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Global Tariffs, Categorized
🇺🇸 United States
🇻🇪 Venezuela, Bolivarian Republic of
📦 Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof
🇺🇸 → 🇻🇪

United States to Venezuela, Bolivarian Republic of Trade Analysis for Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof

Detailed tariff information for Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof imports

Coral and similar materials, unworked or simply prepared but not otherwise worked; shells of molluscs, crustaceans or echinoderms and cuttlebone, unworked or simply prepared but not cut to shape, powder and waste thereof Tariff Rate

HS Code:

15%
Effective January 1, 2023
View general trade relationship between United States and Venezuela, Bolivarian Republic of

Trade Volume

Value
USD 50,000
Year
2022
Trend
Stable with minor fluctuations due to niche market demand

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for environmental conservation purposes, subject to documentation and approval by Venezuelan authorities.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Imposes New Sanctions on Venezuelan Imports
The United States has tightened sanctions on Venezuela, affecting niche imports including coral, shells, and related materials under HS Code 0508. This move aims to pressure the Venezuelan government amid ongoing political tensions.
2023-10-15
Impact: Trade of coral and shell products between the US and Venezuela is likely to decline significantly due to restricted market access and increased compliance costs for US importers.
Venezuela Seeks Alternative Markets for Coral and Shell Exports
In response to US trade barriers, Venezuela is exploring new markets in Asia and Europe for exporting unworked coral, shells, and related materials, as reported by local trade authorities.
2023-09-20
Impact: Diversion of Venezuelan exports to other regions may reduce the already limited supply of these materials to the US, potentially increasing prices for US buyers.
Environmental Concerns Halt Coral Trade Shipments
A joint US-Venezuela environmental agreement has temporarily suspended trade in unworked coral and related materials due to concerns over unsustainable harvesting practices in Venezuelan waters.
2023-08-05
Impact: This suspension disrupts the supply chain for US businesses relying on Venezuelan coral and shell products, possibly leading to sourcing from other countries or higher costs.
Policy Updates
US Expands Sanctions on Venezuelan Goods
The US Department of Treasury has updated its sanctions list to include additional Venezuelan commodities, including items under HS Code 0508 (coral, shells, etc.), prohibiting most trade transactions with US entities unless licensed.
Date: 2023-10-10
Venezuela Introduces Export Licensing for Marine Products
Venezuela's Ministry of Commerce has implemented a new licensing requirement for the export of marine-derived products like coral and shells, aiming to regulate and monitor environmental impact, which may delay shipments to the US.
Date: 2023-07-15